19 Sep 2008
ERJ staff report (DS)
Barcelona, Spain -- Freudenberg is to close its brake components factory at Zona Franca in Barcelona by the end of the year, with the loss of 123 jobs. Production will be consolidated at the company's existing locations in Andrézieux (France), Oberwihl (Germany), and Querétaro (Mexico).
Other Freudenberg locations in Spain are not affected by the closure of this plant. Freudenberg España SA Componentes is part of Freudenberg Dichtungs- und Schwingungstechnik, the technology specialist for sealing technology in Europe.
Freudenberg said the precision mouldings business faces strong pressure on earnings, mostly as a result of globalization and customer consolidation.
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Press release from source
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